Bolloré Group fines € 12 million in African corruption

The French group Bollore will pay a fine of 12 million euros (14.55 million dollars) after a transaction with prosecutors in an alleged bribery case in Africa, France’s economic prosecutor said on Friday.

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The transaction effectively ends the legal proceedings in the case against the conglomerate, led by billionaire Vincent Bollore, said the French financial prosecutor Jean-François Bohnert in a written statement.

“The investigation was about corruption of foreign public officials, abuse of trust and complicity in breaches of trust committed between 2009 and 2011,” the economic prosecutor said.

(REUTERS)

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